Uranium Royalty (NASDAQ:UROY) Shares Gap Down – Time to Sell?

Uranium Royalty Corp. (NASDAQ:UROY) gapped down before the market opened on Friday . The stock had previously closed at $4.53, but opened at $4.17. Uranium Royalty shares last traded at $4.12, with a volume of 2,127,769 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on UROY. Wall Street Zen upgraded Uranium Royalty from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Raymond James Financial reiterated a “market perform” rating on shares of Uranium Royalty in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Uranium Royalty in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Uranium Royalty currently has an average rating of “Hold” and a consensus price target of $4.50.

Uranium Royalty Trading Down 10.6%

The company has a 50 day moving average price of $3.56 and a 200 day moving average price of $2.68. The firm has a market cap of $541.24 million, a PE ratio of -405.00 and a beta of 1.40.

Uranium Royalty (NASDAQ:UROY) last announced its quarterly earnings results on Thursday, September 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $28.90 million for the quarter, compared to analyst estimates of $9.49 million. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%. As a group, equities research analysts anticipate that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC purchased a new stake in Uranium Royalty in the 2nd quarter valued at approximately $29,000. Vident Advisory LLC lifted its stake in Uranium Royalty by 47.1% in the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after buying an additional 474,030 shares in the last quarter. Accordant Advisory Group Inc lifted its stake in Uranium Royalty by 4.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 2,441,702 shares of the company’s stock valued at $6,104,000 after buying an additional 107,216 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Uranium Royalty in the 2nd quarter valued at approximately $33,000. Finally, Integrity Alliance LLC. lifted its stake in Uranium Royalty by 36.4% in the 2nd quarter. Integrity Alliance LLC. now owns 15,788 shares of the company’s stock valued at $39,000 after buying an additional 4,212 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Uranium Royalty Company Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.